Reddit Survey on Financial Independence.Source:
A reduced set of the official results of the 2020 FI Survey from Reddit (r/financialindependence). Only responses that represent the respondent (not other contributors in the household) are listed. Does not include retired individuals. As per instructed, respondents give dollar values in their native currency.
A data frame with 1998 rows and 65 variables.
How many individuals contribute to your household income?
As a result of the pandemic, did your earned income increase, decrease, or remain the same?
By how much did your earned income change?
As a result of the pandemic, did your expenses increase, decrease, or remain the same?
By how much did your expenses change?
As a result of the pandemic, did your FI (financially independent) number...
As a result of the pandemic, did your planned RE (retirement) date...
Overall, how would you characterize the pandemic's impact on your finances?
With which political party do you most closely identify? You do not need to be registered with a party to select it, answer based on your personal views.
What is your race/ethnicity? Select all that apply.
What is your gender?
What is your age?
What is the highest level of education you have completed?
What is your relationship status?
Do you have children?
What country are you in?
Are you financially independent? Meaning you do not need to work for money, regardless of whether you work for money.
At what amount invested will you consider yourself Financially Independent? (What is your FI number?)
What percent FI are you? (What percent of your FI number do you currently have?)
At what amount invested do you intend to retire? (What is your RE number)
What is your target safe withdrawal rate? (If your answer is 3.5%, enter it as 3.5)
How much annual income do you expect to have from the sources you selected in question T5 at the point where you are utilizing all of them (or a majority if you do not intend to use all at the same time)? Enter your answer as a dollar amount.
How much money (from your savings and other sources) do you intend to spend each year once you are retired? Enter your answer as a dollar amount.
At what amount invested did you consider yourself Financially Independent? (AKA what was your "FI number")
Which of the following would you have considered yourself at the time you reached Financial Independence:
At what age do you intend to retire?
Do you intend to stop working for money when you reach financial independence?
Which of the following best describes the industry in which you currently or most recently work(ed)?
Which of the following best describes your current or most recent employer?
Which of the following best describes your current or most recent job role?
What is your current employment status? - Full Time
What is your current employment status? - Part Time, Regular
What is your current employment status? -Side Gig, Intermittent
What is your current employment status? -Not Employed
What is your current educational status?
What is your current housing situation?
Primary residence value.
Brokerage accounts (Taxable).
Retirement accounts (Tax Advantaged).
Cash / cash equivalents (Savings, Checking, C.D.s, Money Market).
Dedicated Savings/Investment Accounts (Healthcare, Education).
Speculation (Crypto, P2P Lending, Gold, etc.).
investment properties / owned business(es).
Outstanding student loans.
Outstanding mortgage / HELOC.
Outstanding auto loans.
Outstanding credit cards / personal loans.
Outstanding medical debt.
Debt from investment properties / owned business.
Debt from other sources.
What was your 2020 gross (pre-tax, pre-deductions) annual household income?
Housing expenses(rent, mortgage, insurance, taxes, upkeep).
Utilities expenses(phone, internet, gas, electric, water, sewer).
Transportation expenses(car payment, bus / subway tickets, gas, insurance, maintenance).
Necessities expenses(Groceries, Clothing, Personal Care, Household Supplies).
Luxury expenses (Restaurants/Dining, Entertainment, Hobbies, Travel, Pets, Gifts).
Children expenses(child care, soccer team, etc.).
Debt repayment (excluding mortgage/auto).
Investments / savings.
Charity / Tithing.
Healthcare expenses(direct costs, co-pays, insurance you pay).
Taxes (the sum of all taxes paid, including amounts deducted from paychecks).
library(ggplot2) # Histogram of Expected Retirement Age. ggplot(reddit_finance, aes(retire_age)) + geom_bar(na.rm = TRUE) + labs( title = "At what age do you expect to retire?", x = "Age Bracket", y = "Number of Respondents" ) # Histogram of Dollar Amount at Which FI was reached. ggplot(reddit_finance, aes(whn_fin_indy_num)) + geom_histogram(na.rm = TRUE, bins = 20) + labs( title = "At what amount invested did you consider\nyourself Financially Independent?", x = "Dollar Amount (in local currency)", y = "Number of Respondents" )